RBC Capital Markets says Apple should follow in Tesla’s footsteps by getting into cryptocurrencies. Bloomberg reports: The iPhone maker could create a sizable new market for growth if it were to develop its Apple Wallet into a crypto exchange, said analyst Mitch Steves. “The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm (potential for well over…
Tag: Bitcoin
Reddit User Claiming To Be Tesla Insider Appeared To Reveal Bitcoin Buy a Month Ago
A Reddit user claiming to be a Tesla insider appeared to announce the carmaker’s purchase of bitcoin a month ago, according to a January post on the platform that said the electric carmaker had bought $800 million worth of Bitcoin. Reuters reports: The post here received little attention when it appeared, with the date on it reading Jan. 2, but it…
To the Moon? Dogecoin Leaps 46% in 24 Hours After Tweets From Elon Musk, Snoop Dogg
Friday the 71-year-old former lead singer of the band Kiss tweeted “I bought Dogecoin…six figures,” to his 922,000 followers, along with other supportive tweets. Saturday rap artist Snoop Dogg tweeted an image of “Snoop Doge” to his 19.2 million followers. Later Elon Musk tweeted a picture from the Lion King with Musk’s head appearing on a monkey holding up a monkey…
Robinhood Restricts Crypto Trading ‘Due To Extraordinary Market Conditions’
Robinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. From a report: Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day, meaning they could only buy the currencies with funds already deposited in their accounts. Such deposits can take up to five business…
US Treasury Nominee Yellen Wants to Encourage Cryptocurrencies — ‘For Legitimate Activities’
Business Insider reports: The bitcoin price was set for its biggest one-week fall since September on Saturday morning, having slipped around 10% since Monday… Bitcoin came under selling pressure this week after Janet Yellen, Joe Biden’s pick for Treasury secretary, suggested the use of cryptocurrencies should be “curtailed” because they were used mainly for “illicit financing”. Writing at Nasdaq.com on Thursday,…
Massive Blackouts Have Hit Iran. The Government is Blaming Bitcoin Mining.
Massive blackouts and smog have hit cities across Iran. It’s a toxic mix as the country, already under economic duress and suffocating U.S. sanctions, simultaneously battles the region’s worst coronavirus outbreak. Blackouts are not new in Iran, where an aging and subsidized electricity sector is plagued by alleged mismanagement. But this time, government officials say that bitcoin mining at cryptocurrency farms…
Gemini Is Launching a Credit Card With Bitcoin Rewards
Later this year, cryptocurrency exchange company Gemini is planning to launch a credit card that earns bitcoin rewards based on your purchases. It’s based on the work done by Blockrize, a fintech startup which Gemini has acquired for an undisclosed sum. TechCrunch reports: The credit card will work like any other credit card and will be available in the U.S. Customers…
ECB’s Christine Lagarde Blasts Bitcoin’s Role In Facilitating Money Laundering
An anonymous reader quotes a report from Bloomberg: European Central Bank President Christine Lagarde took aim at Bitcoin’s role in facilitating criminal activity, saying the cryptocurrency has been enabling “funny business.” “For those who had assumed that it might turn into a currency — terribly sorry, but this is an asset and it’s a highly speculative asset which has conducted some…
German Investigators Shut Down Biggest Illegal Marketplace On the Darknet
An anonymous reader quotes a report from The Associated Press: German prosecutors said Tuesday that they have taken down what they believe was the biggest illegal marketplace on the darknet and arrested its suspected operator. The site, known as DarkMarket, was shut down on Monday, prosecutors in the southwestern city of Koblenz said. All sorts of drugs, forged money, stolen or…
Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. From a report: The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin. While the price…